Rich getting richer.#wealth #rich #podcast #economy

[00:00:00]You look at the stock prices of these companies, they're going up and up. But the lower class, the the middle man, we're not seeing the same sort of return into the economy. It it it it is in a weird way right now that the rich are getting richer and the poor are getting poorer.

[00:00:19]>> I wish people knew the public knew that medicine costs as much as it does. We see it as such a big burden on our economics and it's not because we're paying physicians high salaries. The majority, it's like 60 or 70 of your medical costs actually are being paid to the administrators in these health systems, whether that's the CEO, CMO.

[00:00:40]There's so many more administrative roles than there are actual physicians, medical clinicians.

[00:00:47]>> This leads to what they're calling the middle-class squeeze. You start looking up the chain and you say, "Okay, this person above me is making $200,000, $300. This person's making $500. This person's making a million plus bonuses.

[00:01:01]Where is the trickle-down? How come that as a middle-class individual with a prestigious profession, how come there's still this financial burden?" I don't think it's because people are living outside of their means. I think it's the fact that money in some instance is being hoarded or being funneled into these entities and the people that control the entities are benefiting from it.